BAKU, Azerbaijan, April 26
By Tamilla Mammadova – Trend:
The volume of loans issued by Georgian commercial banks (excluding interbank loans) in March 2021 increased by 600.66 million lari ($174.7 million) or by 1.56 percent compared to the previous month and constituted 39.03 billion lari ($11.3 billion) by April 1, 2021, Trend reports via the National Bank of Georgia (NBG).
The volume of loans in national currency increased by 312.82 million lari ($91.03 million) and the volume of loans in foreign currency increased by 287.83 million lari ($83.7 million) or by 1.35 percent in the same period (exchange rate effect excluded, increased by 0.22 percent).
By the end of March 2021, the total volume of national currency denominated loans to resident legal entities issued by commercial banks amounted to 5.50 billion lari ($1.6 billion), and foreign currency denominated loans constituted 13.47 billion lari ($3.9 billion).
During March 2021, the volume of lending to resident household sector increased by 1.59 percent or 302.05 million lari ($87.8 million), and constituted 19.25 billion lari ($5.6 billion) by April 1, 2021.
Larization ratio for total loans constituted 44.45 percent by April 1, 2021 and increased by 0.12 percentage point (exchange rate effect excluded, increased by 0.40 percentage point), compared to March 1, 2021.
As of April 1 2021, the banking sector in Georgia is represented by 15 commercial banks, including 14 - foreign-controlled banks. In March 2021, compared to the previous month, the total assets of Georgian commercial banks (in current prices) increased by 848.44 million lari ($246.8 million) or by 1.5 percent and constituted 58.15 billion lari ($16.9 billion).
The banking sector’s equity capital equals 6.26 billion lari ($1.8 billion), which makes up 10.76 percent of the commercial banks total assets.
---
Follow the author on Twitter: @Mila6197935